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      Islamic Logic vs. Market Logic in Islamic Stock Investors in Indonesia

      Islamic Logic vs. Market Logic in Islamic Stock Investors in Indonesia

      The behavior of retail investors in the Indonesian sharia stock market by focusing on the role of religiosity factors in shaping investor behavior

      Written by Banjaran Surya Indrastomo

      Edition April 2023

      Banjaran Surya Indrastomo, Chief Economist of Bank Syariah Indonesia and Academician of the University of Indonesia, as well as the board of Islamic Economic Competitiveness Improvement of DPP IAEI, examines the behavior of retail investors in the Indonesian Islamic stock market by focusing on the role of religiosity factors in shaping the behavior of these investors. The research, which was conducted with 3 other researchers from the Financial Services Authority, Durham University and the University of Cardiff, UK, has been published in the Journal of Business Ethics in 2023. 


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